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NCUA RIN: 3133-AE16 Publication ID: Fall 2014 
Title: Minority Depository Institution Preservation Program 
Abstract:

NCUA previously proposed an Interpretive Ruling and Policy Statement (IRPS) to establish a Minority Depository Institution Preservation Program that recognizes the importance of minority credit unions and the unique challenges they often face in serving their communities. To satisfy the mandate of section 367 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the IRPS would implement an outreach program designed to preserve and encourage minority ownership in the credit union industry. The IRPS also proposed a policy statement, definition of a minority credit union and applicable minority groups, and types of technical assistance available. NCUA is considering the nine public comments received and will move forward to finalize the IRPS.

 
Agency: National Credit Union Administration(NCUA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: None     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: PL 111-203, sec 367(4)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  07/31/2013  78 FR 46374   
NPRM Comment Period End  09/30/2013 
Final Action  11/00/2014 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.ncua.gov/Legal/Regs/Pages/FIRegulations.aspx  
RIN Data Printed in the FR: No 
Agency Contact:
Steven W. Widerman
Senior Staff Attorney, Office of General Counsel
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 518-6557
Fax:703 837-2779
Email: widerman@ncua.gov